Pre-financing payment. The aim of the pre-financing is to provide the beneficiaries with a float. The pre-financing remains the property of the Union until it is cleared against the payment of the balance. Frontex must make the pre-financing payment to the beneficiary within 30 calendar days from the date of receiving the request for pre-financing.
Pre-financing payment. Fusion for Energy shall pay the Contractor a pre-financing payment of EUR [amount in figures and words] (corresponding to 10/20/30% (ten/twenty/thirty percent) of the amount referred in Article [I.5.1
Pre-financing payment. Amount [— Pre-financing guarantee] The aim of the pre-financing is to provide the partners with a float. It remains the property of the EU until the payment of the balance. The amount of the pre-financing payment will be EUR [insert amount (insert amount in words)]. The Agency will — except if Article 37 FPA applies — make the pre-financing payment to the coordinator within 30 days, either from the entry into force of the Specific Agreement (see Article 13) or from 10 days before the starting date of the specific action (see Article 3) [OPTION if Agency requires a pre-financing guarantee: or from receiving the pre- financing guarantee], whichever is the latest.
Pre-financing payment. Amount [— Pre-financing guarantee]
Pre-financing payment. Amount — Pre-financing guarantee
(a) it is provided by a bank or an approved financial institution or — if requested by the coordinator and accepted by the Agency — by a third party;
(b) the guarantor stands as first-call guarantor and does not require the Agency (or Commission) to first have recourse against the principal debtor (i.e. the partner concerned), and
(c) it provides that it explicitly remains in force until the payment of the balance and, if the payment of the balance takes the form of recovery, until three months after the debit note is notified to a partner. The guarantee(s) will be released within the following month.
Pre-financing payment. The aim of the pre-financing is to provide the beneficiary with a float. The pre-financing remains the property of the European Union (‘the Union’) until it is cleared against interim payments or, if it is not cleared against interim payments, until the payment of the balance.
3.1 to the beneficiary within 30 calendar days from the entry into force of the Agreement, except if Article II.24.1 applies.
Pre-financing payment. The aim of the pre-financing is to provide the partner with a float. The pre-financing remains the property of Cedefop until it is cleared against interim payments or, if it is not cleared against interim payments, until the payment of the balance. Cedefop must make the pre-financing payment of EUR [insert amount] to the partner within 30 calendar days from the date of receipt of the request for a pre-financing payment, except if Article
II.24.1 of the Framework agreement applies.
Pre-financing payment. The aim of the pre-financing is to provide the partner with a float. The pre-financing remains the property of the NA until the payment of the balance. [Option if the NA requires a pre-financing guarantee: The first pre-financing payment is done when the NA receives financial guarantee that fulfils the following conditions:
(a) it is provided by a bank or an approved financial institution or, if requested by the partner and accepted by the NA, by a third party;
(b) the guarantor stands as first-call guarantor and does not require the NA to first have recourse against the principal debtor (i.e. the partner); and
(c) it explicitly remains in force until the pre-financing is cleared against payment of the balance by the NA. If the payment of the balance takes the form of a recovery, the financial guarantee must remain in force until three months after the debit note is notified to the partner. The NA must release the guarantee within the following month.]
4 1. Normal payment schedule for grant agreements of maximum two years included: normally one pre-financing payment of 80% and a balance payment of 20%. However, in case of lack of sufficient payment appropriations, the NA may:
a) reduce the first pre-financing to a percentage between 60 and 80% and apply a balance payment of 40-20% of the maximum grant amount, or
b) split the first pre-financing into two payments without interim report, whereby the total of both payments amounts to 80% of the maximum grant amount and a balance payment of 20% of the maximum grant amount.
Pre-financing payment. [s]
3.1 to the coordinator within 30 calendar days from the entry into force of the Agreement except if Article
II.24.1 applies. The Agency must make a second pre-financing payment of 40% of the maximum amount specified in Article I.3.1 to the coordinator within 60 calendar days from when the Agency receives the request for second pre-financing payment referred to in Article I.4.2, except if Article II.24.1 or II.24.2 apply. If the statement on the use of the previous pre-financing instalment submitted in accordance with Article I.4.2 shows that less than 70 % of the previous pre-financing instalment paid has been used to cover costs of the action, the amount of the new pre-financing to be paid must be reduced by the difference between the 70 % ceiling and the amount used.
